The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

Other data:

Prepare a retained earnings statement for the month of May.

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

Other data:

Prepare an adjusted trial balance on May 31.

A 15-member Board of Directors is organizing for the upcoming year.   

2.         They must elect a president, a vice-president, and a treasurer.  How many different slates of candidates are possible?  

3.         They must choose four members to serve on the finance committee. How many different committees could be formed?

The age and gender breakdown of the Board is

If one member is randomly chosen to organize the annual meeting, what is the probability that the person will be

4.         Female

5.         A female or a person 25-35 years old

6.         A male between 36 and 45 years old.

The Board has narrowed the options for the annual meeting to the following:

City:  Annapolis or Baltimore

Month:  March or June or September  

Venue: Hotel or College

7.         Draw a tree diagram to show the sample space for all possible choices.  

8.         If one package is chosen at random what is the probability that it is in Annapolis at a hotel?

Services Marketing Differs from Product Marketing

Two national firms, the Prestige Hotel and Pro Fitness chains, strive to deliver quality service to their customers. To do so, they address the four core differences between services and goods. In the following scenario, you will be asked to categorize statements about the customer's experiences and the firm's marketing efforts by the core difference they represent.

Economies of developed countries like the United States have become increasingly dependent on services. For example, service industries like retail and information services account for about two-thirds of the U.S. gross domestic product (GDP) and the lion's share of U.S. jobs. The marketing of services differs from goods marketing because of the four fundamental ways in which services differ from goods: They are intangible, inseparable, variable, and perishable.

Satisfaction guarantee

Hard to convey value

Hotel stay

Off-peak rates

Use guest pass

Uses Flexipass

Managing Staff

Conflicting Experiences

The average daily rate of a hotel in Canada as of August 2018 was $184.85. Assume the average daily rate follows a normal distribution with a standard deviation of $27.70.

Standard Normal Distribution Table

a. What is the probability that the average daily rate of a Canadian hotel will be:

(i) less than $165
P(X < 165)=P(X < 165)=

(ii) more than $215
P(X > 215)=P(X > 215)=

(iii) Between $160 and $190
P(160 < X < 190)=P(160 < X < 190)=

b. Determine the average daily rates that separate the:

(i) top 6% of average daily rates from the rest of the daily rates or from the bottom 94% of average daily rates
x=x=

Round to 2 decimal places.

(ii) bottom 15% of average daily rates from the rest of the daily rates
x=x=

Round to 2 decimal places.

(iii) middle 70% of average daily rates from the rest of the daily rates

  < x <  < x <  

Round to 2 decimal places.

The city of​ Belgrade, Serbia, is contemplating building a second airport to relieve congestion at the main airport and is considering two potential​ sites, X and Y. Hard Rock Hotels would like to purchase land to build a hotel at the new airport. The value of land has been rising in anticipation and is expected to skyrocket once the city decides between sites X and Y.​ Consequently, Hard Rock would like to purchase land now. Hard Rock will sell the land if the city chooses not to locate the airport nearby. Hard Rock has four​ choices: (1) buy land at​ X, (2) buy land at​ Y, (3) buy land at both X and​ Y, or​ (4) do nothing. Hard Rock has collected the following data​ (which are in millions of​ euros):                                                                                       Site X Site Y Current purchase price 26 22 Profits if airport and hotel built at this site 50 40 Sale price if airport not built at this site 12 7 Hard Rock determines there is a 50​% chance the airport will be built at X​ (hence, a 50​% chance it will be built at​ Y).

The City of Comstock had a total General Fund balance of $1,400,000 at the end of its fiscal year. The year end balance sheet reports inventory of material and supplies of $60,000. City Council passed an ordinance that all revenue received from hotel occupancy taxes must be used for beautification projects in the City. The City received $280,000 in hotel occupancy taxes and spent $225,000 on beautification projects this year. The City received a Federal grant of $120,000 for specifically the purchase of new breathing apparatus for the fire department. Due to a backlog by the manufacturer of the equipment, the equipment has not been purchased by year end.

Which of the following statements are correct regarding the classifiction of fund balance at year end?

QUESTIONS:

(c) Prepare an adjusted trial balance on May 31.

Based on:

The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.

Other data:

Problem 13: Sam's Cat Hotel operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.70 per bag. The following information is available about these bags.

Demand = 90 bags/week

Order Cost= $54/0rder

Annual Holding cost = 27% of cost

Desired cycle-service level = 80%

Lead time = 3 weeks (18 working days)

Standard deviation of weekly demand = 15 bags

Current on-hand inventory is 320 bags, with no open orders or backorders.

Suppose that Sam's Cat Hotel in Problem 13 uses a P system instead of a Q system. The average weekly demand is d = 90 bags and the standard deviation of the weekly demand is σ= 15 bags.

a. What P (in weeks) and T should be used to approximate the cost trade-offs of the EOQ?

b. How much more safety stock is needed than with a Q system?

c. It is time for the periodic review. How much kitty litter should be ordered?"